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New Cars in Hong Kong

Summary

New Cars in Hong Kong industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

- The market for new cars consists of the retail sales/registrations of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles.
- Hong Kong captured a share of 2.6% in the Asia-Pacific new cars market, in 2022.
- The Hong Kongese new cars market had total revenues of $22 billion in 2022, representing a compound annual growth rate (CAGR) of 0.3% between 2017 and 2022.
- Market consumption volume increased with a CAGR of 0.1% between 2017 and 2022, to reach a total of 602.9 thousand units in 2022.

Scope

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in Hong Kong
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in Hong Kong
- Leading company profiles reveal details of key new cars market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Hong Kong new cars market with five year forecasts

Reasons To Buy

- What was the size of the Hong Kong new cars market by value in 2022?
- What will be the size of the Hong Kong new cars market in 2027?
- What factors are affecting the strength of competition in the Hong Kong new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up Hong Kong's new cars market?